laser pointers over the Internet. Walton expects sales in January Year 1 to total $330,000 and to increase 15 percent per month in February and March. All sales are on account. Walton expects to collect 68 percent of accounts receivable in the month of sale, 25 percent in the month following the sale, and 7 percent in the second month following the sale. Required a. Prepare a sales budget for the first quarter of Year 1. b. Determine the amount of sales revenue Walton will report on the Year 1 first quarterly pro forma income statement c. Prepare a cash receipts schedule for the first quarter of Year 1. d. Determine the amount of accounts receivable as of March 31, Year 1. -Book Print ferences Complete this question by entering your answers in the tabs below. Required A Required B Required c Required D Prepare a sales budget for the first quarter of year 1. January February March Total Sales on account Required B > laser pointers over the Internet. Walton expects sales in January Year 1 to total $330,000 and to increase 15 percent per month in February and March. All sales are on account. Walton expects to collect 68 percent of accounts receivable in the month of sale, 25 percent in the month following the sale, and 7 percent in the second month following the sale. Required a. Prepare a sales budget for the first quarter of Year 1. b. Determine the amount of sales revenue Walton will report on the Year 1 first quarterly pro forma income statement c. Prepare a cash receipts schedule for the first quarter of Year 1. d. Determine the amount of accounts receivable as of March 31, Year 1. ces Complete this question by entering your answers in the tabs below. Required A Requil.de Required Required D Determine the amount of sales revenue Walton will report on the year 1 first quarterly pro forma income statement. Sales revenue laser pointers over the Internet. Walton expects sales in January Year 1 to total $330,000 and to increase 15 percent per month in February and March. All sales are on account. Walton expects to collect 68 percent of accounts receivable in the month of sale, 25 percent in the month following the sale, and 7 percent in the second month following the sale. Required a. Prepare a sales budget for the first quarter of Year 1. b. Determine the amount of sales revenue Walton will report on the Year 1 first quarterly pro forma income statement c. Prepare a cash receipts schedule for the first quarter of Year 1 d. Determine the amount of accounts receivable as of March 31, Year 1. . nces Complete this question by entering your answers in the tabs below. Required Required A Required B Required Required D Prepare a cash receipts schedule for the first quarter of year 1. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.) Schedule of Cash Receipts January February March Receipts from January sales Receipts from February sales Receipts from March sales Total Me G H 1 of 3 Next > laser pointers over the Internet. Walton expects sales in January Year 1 to total $330,000 and to increase 15 percent per month in February and March. All sales are on account. Walton expects to collect 68 percent of accounts receivable in the month of sale, 25 percent in the month following the sale, and 7 percent in the second month following the sale. Required a. Prepare a sales budget for the first quarter of Year 1. b. Determine the amount of sales revenue Walton will report on the Year 1 first quarterly pro forma income statement. c. Prepare a cash receipts schedule for the first quarter of Year 1 d. Determine the amount of accounts receivable as of March 31, Year 1. Complete this question by entering your answers in the tabs below. Required A Required B Required c Required D Required D Determine the amount of accounts receivable as of March 31, year 1. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.) Accounts receivable